Source: Greenpeace
Universities – Selina Tusitala Marsh appointed inaugural Commonwealth Poet Laureate – UoA
Notable New Zealand poet and academic Selina Tusitala Marsh ONZM, FRSNZ has been announced as the first Commonwealth Poet Laureate.
The professor of English at Waipapa Taumata Rau, University of Auckland is a former New Zealand Poet Laureate and award-winning writer, known for her three collections of poetry and most recently, her bestselling children’s graphic memoir series Mophead.
The appointment, the first in the 75-year history of the Commonwealth of Nations, will run until 31 May 2027 and involve Marsh crafting original poems for flagship Commonwealth events, including Commonwealth Day, the Commonwealth People's Forum and Ministerial and Heads of Government Meetings.
She will also advise on the Commonwealth Foundation’s creative programming – the principal agency for Commonwealth culture – and will appear in person at the Commonwealth People’s Forum and Heads of Government Meeting in Antigua & Barbuda in 2026.
Marsh, who is of Samoan, Tuvaluan, English, French and Scottish heritage, says she is “deeply honoured” to accept the role.
“In Samoan, we say, O le tele o sulu e maua ai figota. ‘The more torches we have, the more fish we can catch’. Poetry is our torch, illuminating paths between our diverse cultures and histories.
“The Māori proverb goes ‘He toi whakairo, he mana tangata’; ‘Where there is artistic excellence, there is human dignity.’ This profound truth guides my vision for this role. Through the elevation of our creative voices, we affirm our shared humanity across the Commonwealth.
“When we honour the artistry within our communities, whether it flows from Samoa, my mother's island, or New Zealand, where I was born and grew up, we recognise the inherent dignity and worth of every person whose story deserves to be told.”
She remembers back to the moment in 2016 when she recited one of her poems at the Commonwealth Day service at Westminster Abbey in front of the late Queen Elizabeth II and other dignitaries.
“Her Majesty charged me with fostering unity through verse, and I felt the weight and wonder of words that bridge worlds. Today, I accept this torch with alofa (love) and renewed commitment to amplify the voices that heal, challenge, and unite our Commonwealth family. Together, we will kindle more torches, casting light on the stories that connect us all, celebrating the artistic excellence that affirms our collective human dignity.”
University of Auckland Vice-Chancellor Professor Dawn Freshwater is delighted to see one of the University's staff honoured in such a significant way.
“Selina is an absolute treasure in the University of Auckland community. She gives so generously of her creativity and time, both on Campus and in the wider community. We are so lucky to work with her, and we're deeply proud she has been honoured in this way,” she says.
“She will do the University, Aotearoa New Zealand and the Pacific proud, as well as being a vital voice for the humanities. In times of global uncertainty, it's the humanities that help us make sense of complexity, preserve culture, and imagine better futures.”
Director-General of the Commonwealth Foundation Dr Anne T. Gallagher, who made the inaugural appointment, says it places creative expression at the heart of the Commonwealth’s work.
“It is through poetry that we can learn best about ourselves and each other. Poetry helps us make sense of our fragile world. It is the language of love and dreams, the language of despair and desire, of protest and rebellion.”
Gallagher says that at the Commonwealth, they have come to understand that poetry – and creativity in all its forms – is not an embellishment of the Commonwealth story but a catalyst for justice, understanding, and hope.
“Selina Tusitala Marsh embodies that truth. Her poetry travels effortlessly from the smallest community to the global stage: illuminating the concerns and aspirations of our 2.7 billion citizens and challenging all of us to listen more closely. There could be no finer inaugural Commonwealth Poet Laureate.”
Selina Tusitala Marsh was the first Pacific person to earn a PhD in English from the University of Auckland. She lectures in Pacific poetry and creative writing in the University’s department of English and Drama and is the co-director of the University’s Centre for Arts and Social Transformation (CAST), which promotes arts-led approaches to justice, health and well-being.
Marsh’s three acclaimed poetry collections are Fast Talking PI, Dark Sparring and Tightrope, all published by Auckland University Press, as well as the multi-award-winning graphic memoir series Mophead, which she also illustrated.
In 2019, she was made an Officer of the New Zealand Order of Merit and a Fellow of the Royal Society of New Zealand. She was New Zealand’s Poet Laureate from 2017 to 2019.
Northland News – CityLink bus service to Matai St to be reinstated
Source: Northland Regional Council
Agriculture – OSPRI expects smooth transition to in-house TB testing
Source: OSPRI New Zealand
Local News – Metropolitan Wellington councils confirm new water services delivery model
Source: Porirua City Council
- There will be a new multi-council-owned water organisation that will take charge of drinking water, wastewater and reticulated stormwater services within the boundaries of Hutt City, Porirua City, Upper Hutt City and Wellington City, from 1 July 2026.
- For planning purposes, a temporary, placeholder name of Metro Water is being used for the new organisation. This is not intended to be the permanent name.
- Metro Water will have new governance and ownership arrangements, new leadership and new strategic direction that will distinguish it from Wellington Water.
- To ensure ongoing service delivery and to retain expertise and experience, it is the intent of councils that Metro Water will absorb Wellington Water operational and support staff below senior management (known as tier 3 and below).
- Metro Water will have an independent Board, appointed by a steering committee of representatives of the five council owners and representatives of Ngāti Toa Rangitira and Taranaki Whānui ki Te Upoko o Te Ika.
- Councils and mana whenua will set the framework for Metro Water through foundation documents (currently being developed) – Stakeholder Agreement, Constitution, Statement of Expectations and Consumer Charter. These will be in final draft by October 2025 and ratified by councils in late 2025.
- Metro Water will operate in line with new water services legislation and regulatory oversight will be provided by the Commerce Commission (consumer protection and charging), the Water Services Authority – Taumata Arowai (water standards) and Greater Wellington Regional Council (environmental compliance).
- Metro Water will charge directly for water services. Initially, interim billing arrangements are likely to be in place until Metro Water has established systems and processes. Regardless of billing arrangements, water charges will be clearly separate from rates.
- Charges will have to increase over the next decade, as the backlog of long-overdue upgrades is tackled. Economic and financial modelling indicates that Metro Water will keep costs about a third lower than would be the case if the status quo continued. That’s because Metro Water will have greater ability to borrow money than councils currently do and costs can be spread over a longer period of time. It’s also expected to deliver economies of scale and efficiencies.
- The exact amount of water charges will be influenced by a number of factors including how costs are shared between commercial water users and households, the scheduling of upgrade works and investment, and moving to consistent charges across the metropolitan area. Currently households and commercial water users pay different amounts through rates in each city.
- All councils are required to present a Water Services Delivery Plan to Government by 3 September 2025.
- The Metropolitan Wellington Water Services Delivery Plan will set out how the five councils will meet requirements of the Government’s Local Water Done Well reforms, including statutory requirements under the Local Government (Water Services Preliminary Arrangements) Act 2024.
- Interim Board Directors will be appointed prior to October 2025 by the council representatives on the existing Advisory Oversight Group.
- The interim board will appoint an interim Chief Executive and oversee establishment of Metro Water. In due course, the interim board will be replaced by an enduring board appointed by the Stakeholder Committee.
- Some initial work is already underway on interim director recruitment and planning for IT and customer systems and processes for Metro Water.
- Implementation is being jointly funded by the five councils.
Greenpeace – Official documents reveal widespread opposition to Seymour’s Regulatory Standards Bill
Source: Greenpeace
Transport – Funding to speed up market demand for New Zealand’s recycled tyres
Innovators, investors and change makers are being called on to put their best ideas forward as a substantial investment in funding becomes available to develop the market for tyre-derived recycled rubber material, and create economic value from Aotearoa New Zealand’s worn-out tyres.
Tyrewise, the country’s regulated product stewardship scheme for end-of-life tyres, is looking for initial expressions of interest in its inaugural grant funding round. Expressions of interest are open in this first round from 1 July to 29 July 2025. Up to $7 million will be available over three rounds in a financial year.
Tyrewise works with the whole industry to ensure tyres are collected for recycling or repurposing. The scheme is achieving a high collection rate and is now focussing on developing high-value, best use recycling and repurposing solutions for the tyres, says Mark Gilbert, Chair of Auto Stewardship New Zealand that governs the Tyrewise scheme.
“To enable this goal, Tyrewise is providing contestable funding to help develop end markets for the recycled rubber material from tyres in New Zealand,” Mark says.
Tyrewise has a goal of 80%, of our end-of-life tyres to be recycled and repurposed into new products in New Zealand by its fourth year of operation, and over 90% by its sixth year.
“Tyres are a versatile resource that can be turned into many products or used in a number of processes, such as roading, playground surfacing, as a substitute for aggregate, or even earthquake-proofing buildings. The market in New Zealand isn’t currently big enough though to take all the recycled rubber from tyres which are collected, so the aim of the fund is to stimulate the development of new products and markets here says Adele Rose, Tyrewise Scheme Managers, 3R Group”
The fund is structured into three main ‘streams’ – research and development, emerging markets, and community development. “This allows funding to back projects across the spectrum of the typical phases of product development,” Adele says.
To be eligible for funding, applicants must be a registered New Zealand business, research institute, or university, ideally have been operating for at least 12 months, and have satisfactory environmental, safety and financial performance, among other criteria.
“This is a call for expressions of interest. Once we have assessed them, we will ask for a more formal, detailed application,” Adele says. “Kiwis are innovators by nature, so we’re excited to see what ideas are out there to create a circular economy for tyres here at home.”
To learn more about the fund visit https://www.tyrewise.co.nz/expressions-of-interest/
Tyrewise is Aotearoa’s first regulated product stewardship scheme. It minimises the environmental impacts of end-of-life tyres by working with the whole tyre industry to ensure tyres are collected from registered partners so they can be recycled and repurposed into other useful products.
The scheme is accredited by the Ministry for the Environment, and is operated by Auto Stewardship New Zealand, a not-for-profit trust which acts as the Product Stewardship Organisation. It is funded by the tyre stewardship fee charged on imported tyres.
Universities – Can reading the news make you richer? – UoA
Researchers have uncovered a novel way to forecast stock market volatility using daily business news.
Business news can do more than report on financial markets; it can predict where they're headed.
That's the finding from a new study by University of Auckland finance lecturer Dr Justin J. Case and Queensland University of Technology's Professor Adam Clements, who show that utilising business news articles, specifically those published in The Wall Street Journal, can more accurately forecast stock market volatility than other commonly used methods.
“Volatility is a common proxy for financial risk,” says Dr Case. “By accurately forecasting this risk, investors can take strategic steps to protect their investments before market shifts occur.”
Using more than 1.1 million Wall Street Journal articles published between January 2000 and December 2022, the researchers analysed the language used in business reporting and linked it to fluctuations in the S&P 500 – the world's most-watched equities index.
Their study shows that news text offers a forward-looking, real-time lens on market conditions, delivering more accurate signals about risk than the retrospective data typically used in economic forecasting.
The researchers applied a machine learning algorithm to news articles, sorting the text into topics and analysing these alongside high-frequency data on the S&P 500 index.
“We're looking at the world's biggest equities market, and the biggest business newspaper in the US, and asking whether the news explains stock market volatility,” says Case.
“We find that news coverage is strongly related to stock market volatility movements. And by analysing business news articles, we can identify both the topics and specific events influencing stock market volatility.”
Additionally, the researchers found incorporating their news-based measures into benchmark volatility forecasting models reduced forecast errors by over 40 percent at the monthly horizon. They also found significant reductions in forecast errors at weekly horizons.
To show how this could be applied in practice, the researchers used their news-enhanced forecasts in a simulated investment strategy. The strategy saw more invested when the market was expected to be stable and less when it was expected to be volatile. This approach, utilising the news, improved investment performance, with risk-adjusted returns higher than both a traditional buy-and-hold strategy and a strategy using standard volatility forecasts.
“If you're able to forecast volatility more accurately with our news measures, you can decrease your risk exposure, and therefore, increase your portfolio performance.”
Among the news topics the researchers analysed, stock market activity, financial institutions, economic shocks, and government policy were most related to stock market volatility.
“Interestingly, we also identify several news topics associated with a less volatile stock market. In particular, news attention to corporate mergers and acquisitions is associated with reduced volatility. This suggests that increased mergers and acquisitions news coincides with greater confidence in economic conditions.”
The study also finds that sports news is related to a less volatile market.
“This could be interpreted as a distraction effect, where increased attention to non-economic news coincides with lower stock market volatility,” says Case.
Finally, the researchers explore whether the large language model, ChatGPT, can forecast the impact of news on market volatility.
While ChatGPT shows some ability to extract information about volatility from news headlines, the study finds its forecasting power is inferior to the researchers' approach at longer horizons.
“Our method allows for a more granular analysis of news text, capturing term frequencies that provide more nuanced volatility-relevant information.”
In contrast, he says ChatGPT's classification framework is restricted to a coarse categorisation of news headlines.
Read the paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5207116
Economy – Depositor Compensation Scheme now in effect – Reserve Bank
1 July 2025 – The Depositor Compensation Scheme (DCS) came into effect today, protecting depositors for up to $100,000 in the unlikely event that their bank or other licensed deposit taker fails.
Licensed deposit takers include banks, credit unions, building societies and finance companies who take retail deposits in New Zealand and are supervised by the Reserve Bank of New Zealand.
The scheme covers money held in standard banking products, including transaction, savings, notice, and term deposit accounts. It protects individuals, businesses and trusts, and applies automatically from today.
The scheme is established under the Deposit Takers Act 2023, and the Reserve Bank will manage and administer the scheme. It is fully funded by levies on industry.
Kerry Beaumont, Director of Enforcement and Resolution at the Reserve Bank says, “While deposit taker failures are rare, the DCS gives depositors extra peace of mind that their standard banking products are protected. This type of protection already exists in many other countries and contributes to the stability of New Zealand's financial system.”
The scheme does not cover investments like KiwiSaver, bonds, shares, and similar products. It also does not protect against frauds or scams.
Banks, credit unions, building societies and finance companies who take retail deposits will list their DCS-protected products on their websites so depositors can check if their accounts are covered. Information about the scheme is also available on the Reserve Bank website.
More information
You can find a list of all deposit takers that offer DCS-covered deposits on the RBNZ's website here: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=7fb4bc651b&e=f3c68946f8
Annual number of home consents down 3.8 percent – Stats NZ media and information release: Building consents issued: May 2025

Annual number of home consents down 3.8 percent – media release
1 July 2025
There were 33,530 new homes consented in Aotearoa New Zealand in the year ended May 2025, down 3.8 percent compared with the year ended May 2024, according to figures released by Stats NZ today.
“The record for the annual number of new homes consented was 51,015 in the year ended May 2022. While consent numbers fell sharply after that peak, they have levelled out over the past year,” economic indicators spokesperson Michelle Feyen said.
In the year ended May 2025, there were 17,852 multi-unit homes consented, down 8.6 percent compared with the year ended May 2024. There were 15,678 stand-alone houses consented, up 2.4 percent over the same period.
Visit our website to read this news story and information release and to download CSV files:
- Annual number of home consents down 3.8 percent
- Building consents issued: May 2025
- CSV files for download
